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Insurance Company
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Future Generali India Life Insurance Company Ltd
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Plan Name
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Future Bima Advantage Plan
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Plan Nature
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ULIP
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Plan Category
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Savings & Investment Plan
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UIN No.
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133L037V01
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About Plan
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Bima Advantage is a unit-linked endowment plan that not only helps you build wealth, but also offer you the added advantage of double protection, with an option to double your insurance cover at the very inception.It also offer a wide choice of investment funds to match your risk appetite and a host of other flexible options to customize the plan to your uniaue needs.So, don't settle for just any ULIP. Demand more with Future Generali Bima Advantage.
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Minimum Entry Age
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7Years
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Maximum Entry Age
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65Years
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Minimum Maturity Age
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18Years
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Maximum Maturity Age
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75Years.
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Minimum Policy Term
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10Years
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Maximum Policy Term
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30Years
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Minimum Sum Assured
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For Age less than 45 Years - Half the policy term or 10, whichever is higher times annulized basic premium.For age 45 Years & abive - 0.25 times the policy term or 7, whichever is higher time annualized basic premium.
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Benefits
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| Particulars | Description |
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Maturity Benefits
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On maturity of the policy, the fund value as on the date of maturity is payable to the life assured.The life assured may also choose to receive the maturity benefit under the settlement option explained later.
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Death Benefits
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In case of demise of the life assured during the policy term while the policy is it force, the nominee receives the higher ofBasic Sum assured less deducatiob partial withdrawals (if any), or Fund value under the policy or105% of the basic premium paid less deductible partial withdrawals, if any Plus Enhanced Insurance Cover Sum Assured (If any)
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Other Benefits
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You can opt for Enhanced Insurance Cover to enhance the life cover under the policy at inception. In an unfortunate event of demise of the life assured, the Enchanced Insure Cover sun assured is paid in addition ti basic plan sum assured under the policy is payable to the nominee. The sum assured for Enhanced Insurance Cover will be equal to or less than the basic plan sum assured depending on whether the premium for such cover exceed 30% of basic premium. It will be equal to basic plan sum assured in cases where Enhanced Insurance Cover premium does not exceed 30% of basic premium and will be reduced in cases where this limit is exceeded such that the premium for such cover does not exceed 30% of basic premium.
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Tax Benefits
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| No data for Tax Benefits |
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If you are not satisfied with the terms and conditions under your policy, you may cancel the policy within 15 days from the date of receipt of the policy document. The premium paid will be refunded subject to deduction of proportionate risk premium for the periob of the policy, the expenses incurred by us toward medical examination, if any, and stemp suties. where premiums have been allocated to units the fund value as on the date of cancellation will be paid.
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A grace period of 30 days from the premium due will be allowed for payment of pwemium. The policy will remain in force during the grace period.
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In case we do not receive due premium:A Premium default notice will be sent to you/ policyholder within fifteen days from the date of expiry of the grace period. You/policy holder shall be entitled to1. Revive the policy, or2. To discontinue the policy without any insurance benefits and enhanced insurance cover benefits (if any).You / policyholder have to excercise any one of the option within 30 days (revival periods) from the date of receipt of the premium default notice. During this period the policy the policy will be treated as in-force with insurance benefits but the Enhanced Insurance Cover benefit, if any will cease imediately, mortality & other charges will continue to be daducted.Revival: In case you intend to revive the policy, please pay all due premium(s) within 30 days from the receipt of the notice along with the require formalities. Revival of policy can happen along with enchanced insure cover and not in isoation. Revival is subject to company,s discretion.
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Apex Fund
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Balance Fund
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Discontinue Fund
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Income Fund
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Maximize Fund
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Opportunity Fund
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Secure Fund
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Particulars
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Range
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Apex Fund
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Fixed Income Including Cash and Money Market Instruments
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0% - 50%
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Equity
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50% to 100%
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Balance Fund
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Fixed Interest including cash and Money Market Instruments
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10% - 70%
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Equity Instruments
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30% - 90%
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Income Fund
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Fixed Interest Investments, Cash and Money Market Instruments
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0% - 100%
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Equity Instruments
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0% - 0%
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Maximize Fund
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Fixed Income including Money Market Instruments
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10% - 50%
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Equity Instruments
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50% - 90%
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Secure Fund
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Money Market, Cash and Short Term Debt
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0% - 100%
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Equity Instruments
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0% - 0%
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Apex Fund
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17-May-13
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11.7591
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Balance Fund
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17-May-13
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13.9214
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Discontinue Fund
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17-May-13
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11.2051
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Income Fund
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17-May-13
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17.3704
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Maximize Fund
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17-May-13
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14.4801
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Opportunity Fund
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17-May-13
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10.3672
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Secure Fund
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17-May-13
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15.737
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Apex Fund
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Balance Fund
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Discontinue Fund
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Income Fund
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Maximize Fund
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Opportunity Fund
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Secure Fund
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16-Jul-09
10:23
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Future Generali launched Silver, Gold and Platinum plan for motor vehicles
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23-Jun-09
11:01
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Future Generali plans to launch women- related insurance products
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20-Jun-09
14:10
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Selling covers through Future Group's malls : Future Generali Life
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19-Jun-09
11:21
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Future Generali plans to launch 10-12 new products
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17-Jun-09
19:31
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Future Generali Life launched Future Anand
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28-Apr-09
13:40
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General Motors ties up with Future Generali
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23-Apr-09
20:14
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Future Generali launches 'Child benefit plan'
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18-Apr-09
11:31
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Future Generali will launch domestic and student travel insurance
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17-Mar-09
15:30
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Price list of spare parts of 'Nano' concerns : Future Generali
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04-Feb-09
12:41
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Future Generali tied with Manappuram General Finance for Gold Loan Customers
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29-Jan-09
16:51
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Insurers to inform consumer on bouncing of cheque
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14-Jan-09
12:35
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Future Group looking at premium of Rs 1,000 cr
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30-Dec-08
11:20
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Future Generali plans thrust on total insurance solutions
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29-Dec-08
13:10
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300 crore infusion is planned: Future Generali
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12-Dec-08
12:00
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Future Generali to invest Rs 370 cr this fiscal
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08-Oct-08
08:35
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Future Generali unveils 2 pension products
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